it’s recession time and i have invested in gold, so can anyone help me and give me some useful advise
Sure: gold prices have been very volatile in the past, in the present, and I predict will continue to be volatile in the future. The history of gold prices has tended to make a mockery of attempts to forecast it.
My best advice would be to make your gold holdings a very small part of your overall assets, at most.
Best of luck!
Sure: gold prices have been very volatile in the past, in the present, and I predict will continue to be volatile in the future. The history of gold prices has tended to make a mockery of attempts to forecast it.
My best advice would be to make your gold holdings a very small part of your overall assets, at most.
Best of luck!
References :
Over the last hundred years, gold has barely kept pace with inflation, (less than 3% per year) although it has had volatile swings both up and down over shorter periods of time. If you are in the gambling mood…good luck. Not necessarily a good long term investment, if we are looking at history. Not a very good way to diversify either. People tend to look at precious metals, like gold, when things tend to be trending down in a market/the economy, however, when the market is doing well, there is generally a shift away from precious metal into other sectors.
References :
Data sest from Kitco.com Bullion Dealers.